Earlier quoted context omitted.
You're missing the point. Renewable power generation is nice but it doesn't help with chemical manufacturing.
Indeed. People miss the point that metal smelting and chemical plants are built around gas and can't switch to electric over night. Basically entire sectors of Germany's economy have made themselves dependent on that sweeet cheap Russian gas.
The deindustrialization of Germany
171–175 of 175 posts
Re: The deindustrialization of Germany
#172Earlier quoted context omitted.
And the reason would be that profits were frontloaded and needed reforms were delayed. Germany had a pretty audacious but absolutely achievable renewables plan 15 years ago but Schroeder & Merkel canned it for cheap Russian Gas and now that the price for that has become apparent there wailing and screaming. It’s just normalizing - if the original plan had been pursued, profits would not have been that great but the c…
You're missing the point. Renewable power generation is nice but it doesn't help with chemical manufacturing.
Availability of sufficient power reserves not bound to Russia would alleviate many industrial cost issues right now. Costs are up primarily because cheap power is gone.
The chemical industry requiring gas is a separate problem with a similar root cause - supply monoculture. Germany built its first LNG terminal last year, before that it was Russian gas because it was cheap and it was betting on Northstream.
Lack of supply diversity, failure to plan, ideological blinders and good old corruption.
The article is missing the point by failing root cause analysis.
Re: The deindustrialization of Germany
#173Earlier quoted context omitted.
It’s not necessarily a matter of being part of the Austro-Hungarian Empire but the role of German as a major European language of culture and learning, one that for Romania’s ethnic Hungarian population was never quite replaced by French. German has been popular in Bulgaria, too, and Germany a major destination for Bulgarian emigration, in spite of that country always being well outside any German-speaking empires.
>German as a major European language of culture and learning Maybe, but that was not my experience growing up in Romania, unless maybe you refer to some niches of highly educated and cultured people in some posh circles of academia, but I'm talking more about the average joe. English was by far the most dominant foreign language learned by the youth due to the influence of Anglo entertainment industry, followed by Fr…
Re: The deindustrialization of Germany
#174Earlier quoted context omitted.
You're missing the point. Renewable power generation is nice but it doesn't help with chemical manufacturing.
Not missing the point at all. it’s two different issues and the same root cause. Availability of sufficient power reserves not bound to Russia would alleviate many industrial cost issues right now. Costs are up primarily because cheap power is gone. The chemical industry requiring gas is a separate problem with a similar root cause - supply monoculture. Germany built its first LNG terminal last year, before that it w…
Re: The deindustrialization of Germany
#175Earlier quoted context omitted.
Imagine saying that you working hard, providing for your kids and doing good in life is less because someone else has it better/easier/"doesn't deserve it". Imagine saying that the only way things can be fair is if you steal from others you think have too much to make things 'equal'.
I am not saying at all that it is "less" (in what way do you even imagine that?), I am saying that in cases where it has nothing to do with working harder and everything with profiting off the work of others, which is invariably the case with multimillionaires, there must be a limit If you're gonna play games with framing things as "stealing", the everyone whose income is from investment is stealing from the people w…
So if millionaires are bad for investing and doing good... does that mean "poor" are bad for not investing? Does that mean that the poor people should suffer when investments go bad? And what about stuff that requires billions - IE: Star Link, Tesla, Spaceships, etc? You think a company shouldn't reward people who risked millions?
Your problem is you don't accept that most people won't take the risks - either because they can't or because they won't. Those that do are what have created the world of miracles we live in. From computer to phones to the site we are talking across right now.
Saying that investers are stealing is a bold faced lie because without those investors there wouldn't be anything to "steal". And if employees had to work at a company that wasn't profitable for decades - IE: Tesla wasn't profitable for 17 years - then a majority of companies wouldn't exist.
outlandish inheritance tax punishes those who work hard and take risks - risks that should be rewarded and not punished by greedy people unwilling or unable to take those risks. "the rich" already pay more than their share and it's simple greed to want more More MORE MOAR! of other peoples money simply because they have the balls to take risks.